CHICAGO
11/13/2008 05:12 am ET Updated May 25, 2011

Financial Bailout Stiffing Many Chicago Banks

Like many Chicago execs, Robert Glickman is studying the fine print of the $700-billion federal financial rescue plan.

"I don't think they'll buy a lot of commercial real estate loans," the CEO of Corus Bankshares Inc. frets. About 19.0% of his bank's loans -- mostly to condo developers -- are classified as "non-performing," more than any other Chicago-area bank.

"I would love to be bailed out, believe me. I would dance if I could sell my problem loans at a reasonable price," he says. But this is "triage for the most serious patients."

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